Related Blog Posts
Interstate Hotels & Resorts to be acquired
22 hours ago ago from Hospitality and Tourism Industry News
Interstate Hotels & Resorts, a hotel real estate investor and management company, said Friday that it is being acquired by a joint-venture in a $307 million all cash deal.
Related contentRelated News
Business Briefing | Mergers: Two Rivals Buy Interstate Hotels
15 hours ago ago from
Interstate Hotels and Resorts said Friday that it had agreed to be bought by the Hotel Acquisition Company in an all-cash deal valued at $307 million. Hotel Acquisition, a joint venture of subsidiaries of Thayer Hotel Investors and the Shanghai Jin Jiang International Hotels Company, will pay $2.25 a share, a 79 percent premium over Interstate's close on Thursday. Stock in Interstate, which is based in Arlington, Va., rose 94 cents, or 74 ...
Related contentRelated Videos
Nothing to see... move along.
